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2005 ANNUAL REPORT School of Accounting & Finance

School of Ac-

Excellence Diversity Innovation

Australia and is well known for its history of farming, fishing, coal mining and steel making. The city, however, is rapidly changing with education, information technology and telecommunications, manufac-turing and tourism emerging as the industries of the future.

The City of Wollongong is located just 80km south of Sydney on a spectacular stretch of the southern New South Wales coast.

Wollongong's natural environment includes some of the most pristine beaches in Australia and the es-carpment to the west offers a great network of walking trails and daz-zling views of the coastline.

Wollongong is the 8th largest city in

choices in a rapidly-changing world. A qualification from UOW is a sound investment in your future.

Our academic community bridge the gap between theory and prac-tice. Their opinions on wide-ranging topics are sought globally. Their experiences make for a dynamic learning experience.

Strong links and regular interaction with industry and business allow us

Completing a degree is a major step towards achieving your future goals. And a world of possibility awaits you at UOW. We will provide you with the opportunity to im-prove your career prospects, ignite your imagination, build up your confidence and lay the foundation for new friendships.

At UOW, you will discover a diverse range of specialised, quality pro-grams, which maximise your

to base our teaching on the latest global trends and needs. You'll gain essential computer, communica-tion, critical thinking, problem-solving, and teamwork skills, re-gardless of the program you choose.

In short, UOW will help you to Be More.

The City of Wollongong

The Wollongong Advantage—why choose UOW?

ANNUAL REPORT 2005

ANNUAL REPORT 2005

The University of Wollongong................................. 4

Faculty of Commerce ............................................... 5

School of Accounting & Finance............................. 6

Research In School................................................... 7

Staff Profiles.............................................................. 8

Visiting Academics ................................................... 25

Research Seminar Series......................................... 26

Staff Publications...................................................... 28

Theses & Research Reports in Progress ............... 35

Completed Theses In 2005....................................... 41

Undergraduate Courses .......................................... 42

Postgraduate Coursework Courses ....................... 43

Postgraduate Research Programs.......................... 45

Awards and Prizes .................................................... 46

Contents 2005

very special time in their lives.

We recognise students learn in many ways, from formal teaching settings, from research in libraries and laboratories and also from other students and from the many cultural, recreational and artistic activities that are available to members of the University commu-nity.

Our aim is to nurture quality gradu-ates who are experts in their fields and who can work anywhere in the world. Above all, we are looking to produce tomorrow's leaders, ma-ture well-rounded individuals who will return a contribution to society.

Twice named Australia's University of the Year* - in 1999-2000 for its outstanding research and develop-ment partnerships and in 2000-2001 for preparing its students for the e-world.

Wollongong has also been ranked the nation's top university for edu-cational experience and graduate outcomes for the last five years. Our current five-star rankings have been awarded in the categories of:

Research Intensity

Graduate Rating

Staff Qualifications

Getting a Job

Positive Graduate Outcomes

Graduate Starting Salaries

Prof. G. R. Sutton Vice Chancellor

Welcome to the University of Wol-longong. It is a University of inter-national standing with an enviable record of achievement in teaching and research. It is also located in one of the most beautiful settings in Australia, just an hour's drive south of Australia's largest city, Sydney.

Our students and staff come from diverse backgrounds, many from overseas. They share a culture that respects openness, inclusiveness, collegiality and diversity. I am proud of our talented, motivated and ener-getic staff - many of whom are lead-ers in their field nationally and inter-nationally.

We provide a real focus on the stu-dent experience. We understand students come to us, each with an individual dream:

• to learn about and reach beyond their field of inter-est;

• to explore many different experiences that will help them choose their future directions; and also

• to meet others and enjoy a

The University of Wollongong— Welcome from the Vice Chancellor

ANNUAL REPORT 2005

ANNUAL REPORT 2005

ing educational in-stitutions around the world. The largest program of the Faculty is the Bachelor of Com-merce (BCom). All students in this degree do a common first year comprising eight core sub-jects. They must also complete a major (there are eleven different majors each consisting of eight subjects beyond the core).

Internationalisation

The Faculty has enjoyed strong enrolments from onshore interna-tional students, with a significant increase of 22% in the last three years.

The Faculty recognises the benefits of ensuring diversity in the student cohort, and to this end is seeking to grow enrol-ments from countries that are as

yet not represented in large numbers on campus. This includes EU countries, as well as Central and South America and North America. The Faculty

aims to encourage outbound do-mestic students to partners in these regions via existing MOU s plus inbound scholarly and stu-dent exchange. Discussions are underway with several institu-tions regarding dual degrees, which encourage student mobility without extending the overall du-ration of study. Through such delivery models, the Faculty is able to offer its expertise in the Asia-Pacific, as demonstrated in the curriculum, to European stu-dents in management and busi-ness programs.

The Faculty of Commerce is acknowledged regionally, nation-ally and internationally for its ex-cellence in teaching and its cul-ture of encouraging learning, this being evidenced by fact that the Faculty contains 26% of the en-tire University student popula-tion. Teaching units comprise:

• Accounting • Information Systems • Economics • Finance • Management • Marketing

Commerce offers undergraduate and postgraduate courses at its main Wollongong campus, five regional satellite campuses, Hong Kong and Dubai. As illustrated above, the Faculty student body is a diverse mix with strategic alliances. The Faculty of Com-merce values its links with lead-

Faculty of Commerce

Faculty of Commerce contains 26% of the entire University of

Wollongong’s student population.

has continued to grow and mature. A second chair in accounting has been appointed. It has gained an international reputation for its re-search with staff being invited to other institu-tions and visitors wish-ing to come here to work. The School has always taught finance subjects as electives in the commerce degree. From 1995, a full spe-cialisation in finance is offered.

The School is regarded as one of the top institutions for alternative research frameworks, and applica-tion of information technology to the learning and management of teaching. Alternative research frameworks examine accounting in its broader political, economic and social framework. Such research goes well beyond the traditional technical focus of accounting and finance.

The School of Accounting & Finance can be traced back to 1966 with the appointment of the first full time lecturer in accountancy, Errol Moore. This full time position was supplemented with the appoint-ment of Allan Coote as part-time lecturer. During the 1960's the Uni-versity operated as a College of the University of NSW with courses being set and examined by that body. By 1973, when the first pro-fessor of accountancy was ap-pointed, the staff at the Wollon-gong campus had grown to two lecturers and two tutors.

By 1975, the School of Accounting & Finance had experienced rapid growth which led to the appoint-ment of a lawyer to its full time staff in order that the School could develop the law subjects within the degree.

In 1991 the School of Accounting & Finance moved into the new Com-merce Building. It is a fine building with beautiful landscaping which makes it a very attractive environ-ment in which to work. The School

School of Accounting and Finance

ANNUAL REPORT 2005

The School is regarded as

one of the top institutions

for alternative research

frameworks

ANNUAL REPORT 2005

sion makers. Projects include re-search into external financial re-porting, management accounting, design and implementation of inter-nal reporting systems, government efficiency audits, small business management and differential re-porting, reporting of intangible

items and international dimensions to financial reporting.

In addition, a number of projects, not directly related to the programs are also being pursued. These in-clude activities related to account-ing education, such as the impact of the use of computers in teaching

and managing learning, multi me-dia teaching, innovative teaching techniques and competency based standards and the accounting pro-fession. Other projects include ven-ture capital, Auditing and EDI, ex-pert systems in accounting, small business management, interna-

tional accounting, cul-tural dimensions of fi-nancial reporting and regulation, accounting in Islamic economies, accounting in develop-ing countries.

A new research program called Metacapitalism Research Programme has recently been es-tablished.

The School of Accounting & Finance has developed research strengths in a number of areas. Our Doctor of Philosophy (PhD) program is the largest of all accounting depart-ments in Australia.

Members of the School of Ac-counting & Fi-nance pursue a wide variety of research activi-ties. The primary research thrust comes from a research pro-gram called Ac-countability and Financial Report-ing. Although this program is designed to concentrate the re-search effort of the School, not all staff members are members of the program and even those who are may also be involved in projects outside the program. The program comprises a variety of individual research projects with the common theme of providing financial infor-mation for different classes of deci-

Research In the School of Accounting and Finance

Our Doctor of Philosophy

(PhD) program is the

largest of all accounting

departments in Australia

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PROFESSORS

Professor Warwick Funnell DipEd UNSW, BA, BCom(Hons), MCom(Hons), PhD, CPA

Head of School (till Jan 2006) and Professor of Accounting Telephone: (02) 4221 3718 Email: [email protected] Areas of Expertise: Public Sector Accountability (with a special interest in Public Sector Audit), Management Accounting and Accounting history

Prior to his present appointment as Professor in Accounting, Warwick held the position of Associate Professor in the School.

He has taught at other universities in England and operated his own business. War-wick's teaching has been primarily in management accounting, introductory accounting, public sector accounting and the history of accounting thought.

He has taught management accounting and contributed to the post-graduate teaching program and research student supervision. He also conducts classes in public sector accounting and financial management for the Faculty of Law as part of its Courts Policy and Administration Program. Much of Warwick's research has focussed on the evolution and practice of public sector accounting and financial management and more recently in accounting historiography.

His work has enabled him to continue his interest in the development of public sector auditing. His recently published book on public sector financial management is destined to be a landmark in the area in this country.

Michael Gaffikin BCom Well, MBA(Hons) Massey, DipTchg NZ, PhD Syd, FCPA

Professor of Accounting Telephone: (02) 4221 4189 Email: [email protected] Areas of Expertise: Critical Theory, History, Computers & Accounting, Public Sec-tor Accounting

Michael research interests are directed to alternative methodologies for accounting theory which has resulted in his interest in accounting history and theory. He is also interested in the use of computers in accounting. He has published several books and articles in leading international journals as well as presented seminars in many parts of the world.

Michael is a member of the editorial board of several international journals, Chair-man of the ASCPA's National Education and Membership Committee and its NSW Universities Committee. He is the AVCC representative on the PASB Consultative Committee. He is also the Deputy Dean of the Faculty of Commerce and Chair of its Research Committee.

PROFESSORS (Cont..)

Andrew Worthington BA, Dip. Bus. Stud (NE), MCom (NSW), MEc (NE), PhD (Qld) Professor of Finance and Head of Finance Discipline Head of School (Feb 2006) Telephone: (02) 4221 3616 Email: [email protected] Areas of Expertise: Financial Markets, Financial Institutions, Alternative Invest-ments, Personal Finance, Behavioural Finance

Professor Worthington’s career appointments include the University of New England (1993-1996), Queensland University of Technology (1996-2005) and the University of Wollongong (since January 2005) along with short teaching-related appointments at the Securities Institute of Australia, Shafston College, Griffith University and QUT's Brisbane Graduate School of Business.

Professor Worthington's research efforts over the last five years have focused on four main areas. These are: financial institution efficiency and productivity; financial and commodity market behaviour; alternative investment markets; and personal fi-nance. He has more than eighty articles published in domestic and international refereed journals. In 2000 he received both QUT's Faculty of Business Dean's Prize for Excellence in Research and a University Award for Outstanding Academic Con-tribution (Research and Scholarship).

ASSOCIATE PROFESSORS

Mary Kaidonis BSc (Adel), DipAcc (Flin), GradDipAcc, GradDipSocSc(Ed Coun) (SAIT), MCom(Hons), PhD (W'gong), CPA

Head of Accounting Discipline Telephone: (02) 4221 3681 Email: [email protected] Areas of Expertise: Accounting in its organisational, social and political contexts, Social and Environmental Accounting, Critical Theory.

Mary has over 20 years experience as a lecturer and researcher in financial ac-counting and accounting theory at undergraduate and post-graduate levels. Before becoming an academic, she was in public practice working in auditing, taxation and management consulting, and also has experience in manufacturing and the public sector.

She has developed a nexus between teaching and research with publications in Critical Accounting Education and culminated in winning the Vice Chancellor's Out-standing Contribution to Teaching and Learning 2000 team award. The interdiscipli-nary feature of her work has lead to collaborations between accounting and taxation law and has resulted in international publications on environmental tax.

Mary has also led an AusAid project in Indonesia with the Institute of Government Studies which complements her research in accounting and its role in developing countries.

She has been Head of the Discipline of Accounting since 2003 in the School of Ac-counting and Finance as well as having been on boards of community organisa-tions.

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ASSOCIATE PROFESSORS (Cont..)

Michael McCrae BEc, DipEd Melb, MEcon WA, PhD ANU

Telephone: (02) 4221 4015 Email: [email protected] Areas of Expertise: Capital Markets, Research Methods

Michael joined the Department from the Commerce Department at the Australian National University. Prior to this he had held several positions as an accounting pro-fessional in firms both in Australia and overseas. He has also been a director of re-search within the public enterprise sector, and has consulted widely in the areas of public accounting and business information systems.

His research interests include the performance of financial markets, management accounting systems, and public sector accounting and financial management. He has published widely in Australian and international journals and has presented seminars both in Australia and overseas.

His teaching interests include empirical research methodology, investments and the supervision of post-graduate students.

Michael has been Co-ordinator of the Department's finance offerings and works successfully with colleagues in other faculties (especially mathematicians). He is actively supervising postgraduate students.

Hema Wijewardena BA, PhD Sri Lanka, MBA New Hampshire, CMA, CA, FCPA Telephone: (02) 4221 3687 Email: [email protected]

Areas of Expertise: Small Business Management and Accounting Education

Hema's extensive administrative and teaching experience in banking, printing, pub-lic service and education spans over fourty years and his ability to draw on that has made him a valued member of the School.

His research interests are in small business and entrepreneurship, accounting edu-cation, financial reporting and management accounting practices in different cul-tures. He has published articles in international journals such as The International Journal of Accounting, Journal of Small Business Management, Accounting Educa-tion, and Journal of Enterprising Culture. Hema has also produced several account-ing practice sets, which are widely used in Australian universities.

Hema had taught in a number of universities in Sri Lanka and Canada before com-ing to Wollongong in 1987. He is responsible for our first year classes, a role he has held for several years most effectively having been awarded the very prestigious Award for Teaching Excellence in 1997.

In addition he has successfully supervised doctoral students. In both teaching and research Hema sets a high standard for his colleagues to emulate.

SENIOR LECTURERS

Anne Abraham BSc DipEd USyd, MAcc C.Sturt, MCom, GradCertHEd UNSW, PhD, CPA, CMA

Telephone: (02) 4221 3738 Email: [email protected]

Areas of Expertise: Financial Management, Nonprofit Accounting and Accountabil-ity, Small Business Finance, Accounting History, Accounting Education

Anne joined the School in 1993, bringing with her an extensive background in edu-cation at University, TAFE and secondary levels, in the areas of both Accounting and Mathematics.

She is a member of CPA Australia, AFAANZ, AAA, BAA, ARNOVA, ANZTSR, ISTR and HERDSA and has written and presented many papers at various international conferences. She has published a number of book chapters on financial reporting and accounting education issues, co-authored an MBA accounting text and has had articles published in a international journals largely in the area of nonprofit financial management and accountability. She is also the Accounting Chair for the Australian National Business School.

Anne's commitment to excellence in teaching has led her to a research interest in accounting education, with a particular focus on student-centred learning. In addition she has won the Vice Chancellors Award for Outstanding Contribution to Teaching and Learning.

Anne's involvement with a number of community and government based organisa-tions also prompted a major research interest in nonprofit organisations. She is cur-rently Treasurer of Australian and New Zealand Third Sector Research.

Kathie Cooper BCom(Hons), PhD


Areas of Expertise: Financial Accounting (accounting regulation & conceptual framework project)

Kathie joined the department as a lecturer in June 1988 and has teaching responsi-bilities at undergraduate level in financial accounting and accounting theory. She also lectures accounting history and regulation at postgraduate level and is heavily involved in the supervision of postgraduate research students.

Her research interests include accounting and accountability in the public sector, and interdisciplinary approaches to the study of accounting, history and regulation, including autopoiesis, sociology of professions and power frameworks.

Kathie has written, co-written and presented a number of papers at Australian and overseas conferences dealing with the history and regulation of the accountancy profession.

She was Deputy Director of the International Business Research Institute and co-authoured with Warwick Funnell the recently published text on public sector financial management, Public Sector Accounting and Accountability in Australia.

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SENIOR LECTURERS

Barbara Cornelius BA(Cum Laude) Georgia State, MEc(Finance), DipFinMan, PhD UNE


Areas of Expertise: Venture Capital and Small Business Finance

Prior to becoming an academic, Barbara worked for an American venture capital firm providing an assessment of and advice on investment opportunities. Her publi-cations have been in the fields of venture capital, small business finance and entre-preneurship and she has presented seminars and lectures on venture capital in Australia, New Zealand, Sweden and Vietnam.

Barbara has teaching experience in areas of both corporate finance and small busi-ness at the undergraduate and post-graduate levels. She also has been and contin-ues to be involved in supervising candidates undertaking research for Honours, Honours Masters and PhD qualifications.

Barbara is active in University administration, representing the School, the Faculty and the Academic Senate on a variety of committees. She was a founding member of the Small Enterprise Association of Australia and New Zealand and she has also been active in local and regional initiatives to promote small firm access to capital for growth and development.

Helen Irvine BCom (UQ), MCom, PhD. CPA. FTIA


Areas of Expertise: Financial Accounting, Sociology of Accounting, Accounting History

Helen has been teaching at university level for 20 years in the areas of Introductory Accounting and Financial Accounting. She was on the staff in the School from 1992 - 1995 as an Associate Lecturer, prior to taking up an Australian Postgraduate Award in 1996 to undertake her PhD studies, returning to the School as a Lecturer in 2000. Her early experience was in a large chartered accounting firm, and since then she has worked as a contract writer and tax agent, as well as teaching at uni-versity. Helen's doctoral thesis was on the institutionalisation of accounting prac-tices in a large religious/charitable organization, and her research interests include the sociology of accounting, accounting history, financial reporting and ethnographic studies.

SENIOR LECTURERS (Cont..)

George Mickhail BCom(Accountancy) Ain Shams Egypt, GradDip(CompSci) Ain Shams Egypt, GradDip(Mgmt Sc) SAMS Egypt, MSc(Econ) LSE UK Telephone: (02) 4221 4007 Email: [email protected] Areas of Expertise: Critical Semiological Systems Thinking, Corporate Strategy and Performance Evaluation of MetaCapitalism, Accounting for Social Justice and Immigration Accounting.

George holds a visiting appointment at the Universite' D'Orleans (France) concur-rently with his permanent appointment at the University of Wollongong (Australia), which he joined after being at The University of Sydney (Australia), having gone there from the London School of Economics and Political Science (UK).

His research critically examines how new business and technological models, such as: MetaCapitalism, utilise IT developments, such as: mobile and wireless technolo-gies, to create (or deplete) value in organisations. The research particularly evalu-ates the efficiency imperative in the e-transformation of the role of government, busi-ness and markets and their global effect on the individual and society. In January 2005, he was awarded the best author award for his seminal article, "The MetaCapi-talism Quest", which was published in the Journal of American Academy of Busi-ness.

He has held professional memberships of the Information Systems Control and Au-dit Association, American Accounting Association, Institute of Internal Auditors, As-sociation for Computing Machinery, IEEE Computer Society, American Association for the Advancement of Science and the New York Academy of Sciences. He has given a number of media interviews and numerous academic and industry presenta-tions

Ciorstan (Kitty) Smark BCom(Hons), PhD, CA, ASIA, CMA


Areas of Expertise: Business Ethics and Management Accounting

Ciorstan has taught at other universities both in Australia and in the United States of America. Her teaching is mainly in the areas of Management Accounting, Finance and Business Ethics at both the undergraduate and post-graduate level.

Her research interests have included ethics and the role of accounting in public pol-icy (particularly mental health policy).

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SENIOR LECTURERS (Cont..)

Ted Watts BA, BEd, MEdAdmin (UNE), MCom (UNSW), PhD, GradCertHE (UTS), DipFinMgt (UNE), FCPA, CMA


Areas of Expertise: Managerial Accounting

Ted joined the School from the Australian Catholic University (North Sydney) where he was Assistant Head, School of Business and Informatics and Coordinator of the Master of Business Administration programs. Previously, he spent ten years lectur-ing at the University of Technology, Sydney and before that he was the Manager, and part-time lecturer, School of Accounting at the University of New South Wales. He also has lecturing experience in Hong Kong, Shanghai and Kuala Lumpur.

Ted's research interests are in managerial accounting (specifically in organisational behaviour) and accounting education. His current research projects focus on mana-gerial accounting in the university sector, not-for-profit organisations, and the small business/service sector, management accounting theory and ethical aspects of ac-counting education. He has lectured at undergraduate and postgraduate levels at UTS and ACU.

Ted is actively involved with the accounting profession and currently serves on CPA Australia's Investigation Committee. He was a foundation member of CPA Austra-lia's Management Accounting Centre of Excellence and has served on various com-mittees including the NSW Universities Committee and the Universities Liaison Offi-cers Committee and the Public Practice Committee. He is also President of the NSW Branch of the Institute of Certified Management Accountants and is a member of the international board of editorial referees of the Journal of Applied Management Accounting Research.

LECTURERS

Jane Andrews Bcom(Hons), PhD


Areas of Expertise: Social and Environmental Accounting, Critical and Postmodern Theory, Accounting Education

Jane Andrew joined the team in 2000 after having completed her Ph.D. thesis within the department. Jane is interested in the relationship between social and environ-mental issues and accounting. In line with this, she is currently conducting research into the relationship between accounting, accountability and greenhouse gas policy. Jane is interested in inter-disciplinary research endeavours and is committed to the development of innovative teaching techniques.

LECTURERS (Cont..)

Shyam Bhati B.Sc., M.Sc., Jodhpur; M.Admin., Griffith; GCPA, USQ; Ph.D., Panjab; FAIBF, ASA, CAIIB. Telephone: (02) 4221 5383 Email: [email protected]

Areas of Expertise: International Banking and Finance, Risk & Insurance, Invest-ments, Business Finance

Shyam joined the School of Accounting and Finance in February 1998. He com-pleted hid Ph.D. in Nuclear Physics from Panjab University, India in 1975. From 1976 to 1992, Shyam worked with Indian Bank as a Manager where he gained ex-perience in various aspects of bank management and small business finance. Shyam trained the bank's staff and managers in various aspects of banking.

In 1992, Shyam immigrated to Australia. He completed his M. Admin. from Griffith University in 1997 specialising in Accounting and Finance. Shyam also completed Graduate Certificate in Professional Accounting from University of Southern Queen-sland in 2000.

His research interests are in the areas of interest rate parity, purchasing power par-ity, foreign exchange risk management, trust theory in banking, international banking and finance, small business finance, banking and technology. Shyam's research on these topics has a focus on Asia Pacific financial markets and emerging markets.

Shyam's current teaching portfolio includes international banking, risk and insur-ance, international financial management, crime and transnational financial transac-tions, business finance and investments. He has also taught in the areas of financial accounting, management accounting, introductory accounting and business mathe-matics.

Anura De Zoysa BCom (Hons) Sri Lanka, DipJap Japan, MEc (Hons) Japan, PhD, FCA Sri Lanka, CPA, CMA


Areas of Expertise: Financial Reporting and Cost Management

Anura joined the department in 2001, having worked as a part-time tutor for two years while pursuing his doctoral studies at this department.

Prior to coming to Wollongong in 1999, he spent a number of years in Japan, study-ing for his master's degree in accounting, and being engaged in teaching and re-search. Anura has over 15 years of experience in teaching accounting at the univer-sity level in Sri Lanka, Japan and Australia.

Being a chartered accountant, he has also gained experience in accounting, audit-ing and taxation while working in a firm of chartered accountants in Sri Lanka. He has several publications in both English and Japanese and has presented papers in a number of international accounting conferences.

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LECTURERS (Cont..)

Hemant Deo PhD, MCom (Hons) (UOW), ABINZ (NZ), PGDAFM, BA (USP), CA, CMA, CPA, AAIBF (Snr.), AFAIM (Aust.), MIIA (USA), SA (Fin)


Areas of Expertise: Bank Management, Financial Markets, Financial Accounting, Managerial Finance and Auditing

Hemant Deo joined the Department in 1994. He completed his Master of Commerce (Honours) in Accountancy in 1995 and Doctor of Philosophy (PhD) in 1999. Since, than he has designed and lectured in a number of undergraduate and postgraduate accounting and finance subjects within the School.

Dr Deo's teaching portfolio includes: introductory accounting, financial accounting, advanced auditing, business finance, bank management, managerial finance, bank-ing theory & practice, international banking and bank lending & securities. Dr Deo has designed the Master of Applied Finance (Banking) program within the School which is accredited by the Australian professional bodies.

Dr Deo has worked in the industry for fifteen years and therefore has extensive practical experience in the areas of financial and management accounting, auditing and banking.

Dr Deo's research interests includes: auditing, accounting & finance theory, bank management, business finance, financial markets/modelling and accounting regula-tion. He has published in a number of local and international journals. He also su-pervises a number of doctorate students within the School.

Scott Dobbs B.Comm. (Hons) L.L.B. (Hons), PhD, M.A.I.B.F.


Areas of Expertise: Corporate governance and director's responsibilities, fnancial hstory and evolution of the Common Law, social epistemology and economic ration-alism, corporate finance and capital markets After two decades in industry positions Scott decided to return to academia. He completed a combined Commerce/Law degree with first class and second class honours, respectively, and a PhD. He has six children and is married to his wife Ma-chelle.

LECTURERS (Cont..)

Annamaria Kurtovic Assoc Dip Accounting, BCom, MCom, PhD, ACFE

Telephone: (02) 42214619 Email: [email protected]

Areas of Expertise: Auditing, Forensic Accounting and Fraud Investigation, Ac-counting history

Prior to Dr Kurtovic's present appointment as Lecturer in accounting, Annamaria has had numerous years experience in the private sector working for large Australian Corporations including TAB limited.

Annamaria has held positions of Auditor and Financial controller and has also been involved in forensic examinations in the Hotel and Club industry. Annamaria has previously taught at the University of Wollongong and had coordinated the account-ing course at the then University of Wollongong College.

Currently Anna teaches Auditing and is heavily involved in the area of forensic ac-counting at both undergraduate and postgraduate level. Anna also conducts classes in Financial Investigations Practice and Procedures, for the Faculty of Law and the Centre for Transnational Crime Prevention.

Much of Annamaria's current research focuses on the area of forensic accounting and fraud investigations, taking particular interest in corporate governance and as-sociated corporate collapses both nationally and internationally.

Mara Koplin BFA, MEc UNE, ASA


Areas of Expertise: Financial Markets

Mara joined the Department in January 1998 as a lecturer in finance. Prior to com-ing to Wollongong, Mara lectured at the University of New England, having been with that institution since 1982.

Mara's teaching and supervisory experience has covered diverse areas of both ac-counting and finance, including management accounting, financial accounting, inter-national finance, and portfolio analysis among others.

Mara teaches in business finance, financial statement analysis and financial institu-tions. Mara's research interests are dominated by the share market, currently with a focus on the application of chaos theory. She also has publications in the area of distance learning and education.

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LECTURERS (Cont..)

Lee Moerman Bcom, Mcom, ASA


Areas of Expertise: Accountancy and Third World Debt

Lee joined the Department in 2001 after completing her undergraduate and Masters degree in Accounting. Prior to the position in the department, she worked for sev-eral years as a casual tutor and she has a wide variety of teaching experience in financial and management accounting as well as finance. During this time she also worked as a volunteer for the Taxation Department and has also been involved with small business.

She is currently involved in off-shore and remote campus teaching which incorpo-rates alternate teaching modalities.

Prior to her career in accounting Lee was a medical diagnostic radiographer and hopes to be able to incorporate her medical background into accounting research in the future.

Presently she is working on her PhD thesis involving Third World Debt forgiveness and accountability.

Brian Murphy Grad Dip App Fin and Invest, Dip Teach, BBus (Acc), MEc (NE), ACA, CFP, ASIA


Areas of Expertise: Financial Planning, Taxation, Finance, Receiverships, Small Business

Brian has worked in the financial services industry since 1975. Prior to taking up an academic position Brian was in private practice both as a Financial Planner and as a Chartered Accountant. He was a partner of KPMG Chartered Accountants for a period of 16 years both in Australia and overseas holding the position of managing partner of the KPMG Fiji practice for 6 years. He has been a Chartered Accountant for over 25 years and has gained industry experience in the fields of accounting, taxation and financial planning. During his vast industry experience he has devel-oped specialties in the areas of personal finance and investment strategies for pri-vate clients, receiverships, taxation, and business valuations.

Over recent years Brian has specialised in Financial Planning and has owned and operated his own financial planning practice for the 6 years prior to his commencing at the University. He is an authorised representative and is licensed to provide fi-nancial planning advice in the areas of superannuation, tax effective investment strategies and social security planning, as well as investment selection and estate planning considerations. He is also a specialist in Self Managed Superannuation Funds.

Brian has taught at another University early in his career in the area Accounting and Financial Management and his early research was in the area of Accounting His-tory, Small Business, and Rural Accounting Systems.

LECTURERS (Cont..)

Ron Perrin BBus(Acc) UWS, MCom, ASA, AFAIM


Areas of Expertise: Critical Theory, Financial Accountability, Financial Markets

Ron joined the department as a lecturer in February 1992. He completed his under-graduate degree in Business at the University of Western Sydney and was awarded the Australian Society of Certified Practising Accountant's Medal for Excellence in Studies. He was admitted as an Associate Member of the Australian Society of Ac-countants in 1991 and is an Associate Fellow of the Australian Institute of Manage-ment.

Before joining the Department, Ron was a financial controller and Deputy Chief Ex-ecutive Officer for a division of an international insurance broking firm. He has also held management positions in public administration and small business.

Ron is interested in accounting theory and philosophy, accounting and corporate financial reporting. He has presented papers at several leading international ac-counting conferences. His recent research has been in the areas of insurance and public sector financial management although he is also interested in a wide range of areas.

Kathy Rudkin BCom, MCom, PhD


Areas of Expertise: Critical Theory, Financial Accountability and Accounting Edu-cation

Kathy graduated in 1985 with her Bachelor degree and has worked in the private sector as a marketing coordinator, management accountant in the refractory indus-try and as a financial accountant for a large computer firm. She worked part time while her children were young, working as an accountant in a firm of investment ad-visers specialising in superannuation funds. She then returned to complete her Mas-ter of Commerce (Accountancy) graduating in 1995. Kathy is currently completing an Honours Masters thesis on accounting in schools. Her areas of research interest include accounting in education, technology used in education, social accounting and critical accounting theory. Kathy has taught financial accounting from first to third year. Kathy's contributions to the local community include accounting advice to a Wollongong Scout group, and an elected member of a local school council. She is currently engaged (with Janet Moore) on a major project developing multimedia in-struction for our accountancy subjects.

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LECTURERS (Cont..)

Parulian Silaen B.Acc., SE (UI) Indonesia, M. Com(Hons) Telephone: (02) 4221 3696 Email: [email protected]

Areas of Expertise: Management Accounting, Management Control Systems, and Accounting Information Systems

Before joining the School of Accounting and Finance, Ully had ten years teaching experience in financial accounting, management accounting, management planning and control systems, and accounting information systems at both undergraduate and post-graduate levels in Indonesia. He started his teaching career at the School of Accounting and Finance at undergraduate level. Currently, he has teaching re-sponsibilities both in first year accounting subject and management accounting at post-graduate level.

Apart from his academic commitment, he also has twenty years experience as a financial controller in a wide range of industries including road contracting, vessel manufacturing, aircraft manufacturing, and the Agency for Assessment and Applica-tion of Technology in Indonesia. He was a consultant for a number of organisation in developing accounting and control systems such as National Cardiac Hospital, Futures Market in Indonesia, and for the Department of Social Security of Indonesia funded by the United Nations.

His research interests are in the area of Management Accounting and Management Control Systems. His PhD research is Management Control Systems for R&D Or-ganisations.

Geeta Singh MBuss(Acc) RMIT, GradDipAcc&Fin VUT, GradDipBusAdmin Ballarat, BCom, AMA, ICMA


Areas of Expertise: Critical Theory, Higher Education Policy

LECTURERS (Cont..)

Connie Spasich BBus UTS, MCom(Hons), CPA


Areas of Expertise: Financial Accounting and Insolvencies

Prior to joining the Department of Accounting and Finance in February 1991, Connie had over several years management accounting experience gained in the construc-tion, chemical and printing industries as well as four years in public practice dealing mainly with taxation and management consultancy. During this time Connie com-pleted her undergraduate academic qualifications and her CPA and tax agent quali-fications.

On joining the Department, Connie enrolled in the MCom(Hons) program and gradu-ated in 1995. Her current research interest is in the agricultural sector and the im-pacts of globalisation on this sector.

For several years Connie undertook the role of the Australian Society of CPA's liai-son officer at the University and was instrumental in providing students with a link to the professional bodies by developing a work experience program for the Society. She currently co-ordinates the School of Accounting and Finance's Master of Pro-fessional Accounting Program as well as teaching in Financial Accounting.

Philip Venables BBus CUT, PGradDip.Bus (IS) CUT, MCom CUT


Areas of Expertise: Management Information Systems Phil joined the department at the beginning of the autumn trimester 2001. Prior to moving to Wollongong, Phil spent four years lecturing in management accounting and auditing at Monash University after a two year term as senior tutor in manage-ment accounting and accounting information systems at the University of Mel-bourne.

Originally from Western Australia, Phil trained as a mining surveyor at the School of Mines in Kalgoorlie and worked in the mining industry for a number of years prior to taking up studies in accounting and information systems at Curtin University.

Prior to moving to Melbourne, Phil worked as an information systems auditor at the Health Department of Western Australia and part time tutor at Curtin University.

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LECTURERS (Cont..)

Robert Wixted BA(Econ), American Univ. Washington, D.C., MCom UNSW


Areas of Expertise: Investments

Robert began his career as a legislative assistant to Congressman William R. Ratchford (5th. Conn) in the U.S. House of Representatives in Washington, D.C.

Robert also has an extensive background in the financial arena. He has worked in the financial markets in the United States, Japan, Great Britain, New Zealand and Australia. At Morgan Stanley, he began his financial career as a floor trader in fixed interest and equity derivatives on both the Chicago Mercantile Exchange and The Pacific Exchange. He later started a fixed interest rate derivatives trading desk for Barclay's Bank in Wellington and Sydney, training staff and setting up a market making operation in swaps, swaptions, options and futures. He replicated this role at Tullett and Tokyo.

In 1994, he established Pacific Arbitrage Pty. Ltd., a company initially arbitraging volatility in the options pit of the Sydney Futures Exchange where he operated as a local until open outcry ended in 1999. Robert completed his Masters in Finance at UNSW in 1999 and began lecturing at the university in the Department of Banking and Finance. Along with his lecturing here at University of Wollongong, Robert also consults, providing treasury advice to fund managers and credit unions.

ASSOCIATE LECTURERS

Sandra Chapple BCom, MCom, CA

Telephone: (02) 4221 4006 Email:[email protected]

Areas of Expertise: Financial Accounting and Regulation

Sandra joined the School in 2004 after working as a casual tutor for several years. Her teaching experience covers financial accounting and auditing at undergraduate level, as well as accounting regulation at postgraduate level.

Prior to her academic career, Sandra was employed in the private sector, working with a large chartered accounting firm and a large public company.

She is a member of the Institute of Chartered Accountants in Australia.Sandra com-pleted her Master of Commerce in 1999, and is currently engaged in doctoral re-search in the realm of internationalisation of accounting standards.

ASSOCIATE LECTURERS (Cont..)

Joel Grant BMathsFin(Hons)

Telephone: (02) 4221 4006 Email:[email protected]

Areas of Expertise: Behavioural Finance, Investments, Financial Mathematics, Economics, Mathematics and Statistics. As the youngest academic staff member within the school of Accounting and Fi-nance, Joel creates a vibrant atmosphere in the workplace and the passion he pos-sesses towards his job inspires both his peers and students.

Upon completion of his undergraduate degree, Mathematics and Finance (Hons) in 2001, Joel enrolled into the PhD program immediately and commenced in 2002. Intrigued by the emerging field of behavioural finance, his research consists of ap-plying his unique interdisciplinary skills in Mathematics, Statistics, Economics and Finance towards the analysis of professional futures traders for evidence of behav-ioural biases. Joel's progress consists of two refereed conference papers, a journal article (awaiting acceptance) and the achievement of being awarded recently a New Researcher Grant.

Joel has also accumulated teaching experience in a variety of finance subjects such as Business Finance 1 and Business Finance 2, Investments 1 and Investments 2 and Financial Institutions. Furthermore, Joel has taught Quantitative Methods in the Economics discipline and Mathematics for Engineers within the Informatics Faculty. Joel hopes to complete his PhD by 2005 and continue researching to become an internationally recognised academic.

Kellie McCombie BCom(Hons), MCom(Hons) Telephone: (02) 4221 4003 Email: [email protected]

Areas of Expertise: Critical Studies of Accounting Language

Kellie completed her Bachelor Degree with first class Honours in 1993. She started in the Department as a casual tutor in 1994 and now holds a position as an Associ-ate Lecturer. She has teaching responsibilities at undergraduate level; specifically in first, second and third year financial accounting.

Her research interests include financial accounting, institutional frameworks, critical accounting theory and critical language theory.

Kellie completed her MCom(Hons) by thesis with a focus on the standardisation of an accounting language. She is keen to establish a research profile and is currently working towards producing papers from her thesis.

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ADMINISTRATIVE STAFF

Lena Ivancevic

Administrative Assistant Telephone: (02) 4221 3718

Email: [email protected]

Tina Mak B.Maths-B.E(Hons), MCom

Professional Officer Telephone: (02) 4221 609


Cynthia Nicholson

Executive Assistant to Head of School & Disciplines

Telephone: (02) 4221 4014


ANNUAL REPORT 2005

The School of Accounting and Finance encourages visitors to the School. In 2005, the School had visitors lo-cally and from overseas including academics of international standing in the field of accounting and finance.

Visitors in 2005 were: Professor Ed Arrington Bryan School of Business and Economics, University of North Carolina, Greensboro Professor Niamh Brennan Smurfit School of Business, University of College Dublin Professor Jane Broadbent Royal Holloway, University of London Dr David Campbell University of Newcastle Upon Tyne, England Professor Jack Flanagan Australian Catholic University Dr David Gallagher School of Banking and Finance, University of New South Wales Kieran James Charles Sturt University Professor Richard Laughlin King’s College London, University of London Dr Cecelia Spence University of Canberra

VISITING ACADEMICS

Autumn Session Dr David Campbell

University of Newcastle Upon Tyne, England

“The Materiality Of Voluntary Narratives In Banks’ Annual Reports: Analysts’ Perspectives Explored Through Protocol Analysis” (18 March)

Dr David Gallagher

School of Banking and Finance, University of New South Wales

“Investment Manager Skill In Australian Small-Cap Equities” (15 April)

Dr Cecelia Spence

“The Finance Based Formulae Adopted By Australian Regulators In Pursuit Of ‘One Size Fits All” (29 April)

Dr Ted Watts

School of Accounting & Finance, University of Wollongong

“Improving Outcomes By Improving Student Satisfaction” (27 May)

Research Seminar Series

ANNUAL REPORT 2005

ANNUAL REPORT 2005

Spring Session

Professor Jack Flanagan

Australian Catholic University

“Estne elephantus in triclinio” (5 August)

Prof. Warwick Funnell


“The Proper Trust of Liberty: The American War of Independence, Economical Reform and Constitutional Audit” (19 August)

Dr Annamaria Kurtovic & Dr Kathie Cooper


“Ignoring the “F” Word: Ignorance is No Longer Bliss” (2 September)

Kieran James

Charles Sturt University

“The Analysis and Interpretation of Budgetary Practice and Resource Allocation of ABC Company (S) Pte Limited” (16 September)

Dr Kathy Rudkin


“Social Responsibility Accounting: The Challenges of Live 8 and G8” (7 October)

Kellie McCombie


“The Social Relevance of Accounting Education: A Review” (21 October)

Research Seminar Series (cont..)

BOOK • Cooper, K., CPA101 Assurance Services and Auditing, CPA Program, Geelong, Victoria, Australia. (with

Gay, G., Schelluch, P., Simnett, R. and Trotman, K.)

• Wijewardena, H., Barry’s Nursery With GST: An Accounting Practice Set, Thomson Learning, Victoria, Aus-tralia.

BOOK CHAPTER • Andrew, J., “The Accounting Craft and the Environmental Crisis: Reconsidering Environmental Ethics“, in

Funnell, W and Williams, R, (eds), Critical and Historical Studies in Accounting, Pearson Education Australia, 2005, pp. 331-356.

• Cooper, K., ““The Consolidation of the Profession, 1880-1906“, in Funnell, W and Williams, R, (eds), Critical and Historical Studies in Accounting, Pearson Education Australia, 2005, pp. 89-108. (with Moore, J.)

• Funnell, W., “Accounting in the Service of the Holocaust“, in Funnell, W and Williams, R, (eds), Critical and Historical Studies in Accounting, Pearson Education Australia, 2005, pp. 231-260.

• Funnell, W., “Distortions of History, Accounting and the Paradox of Werner Sombart“, in Funnell, W and Wil-liams, R, (eds), Critical and Historical Studies in Accounting, Pearson Education Australia, 2005, pp. 357-382.

• Funnell, W., “Pathological responses to Accounting Controls: The British Commissariat in the Crimea 1954-6 “, in Funnell, W and Williams, R, (eds), Critical and Historical Studies in Accounting, Pearson Education Australia, 2005, pp. 25-44.

• Funnell, W., “Preserving History in Accounting: Seeking Common Ground Between ‘new’ and ‘old’ Account-ing History“, in Funnell, W and Williams, R, (eds), Critical and Historical Studies in Accounting, Pearson Edu-cation Australia, 2005, pp. 127-154.

• Funnell, W., “The Narrative and its Place in the New Accounting History: the Rise of the Counternarrative“, in Funnell, W and Williams, R, (eds), Critical and Historical Studies in Accounting, Pearson Education Aus-tralia, 2005, pp. 271-294.

• Gaffikin, M., “Critical Studies in Accounting Research, Rationality and Habermas: A Methodological Reflec-tion“, in Funnell, W and Williams, R, (eds), Critical and Historical Studies in Accounting, Pearson Education Australia, 2005, pp. 155-204. (with Lodh, S.)

• Gaffikin, M., “History is Dead, Long Live History“, in Funnell, W and Williams, R, (eds), Critical and Historical Studies in Accounting, Pearson Education Australia, 2005, pp. 261-270.

• Gaffikin, M., “Legacy of the Golden Age: Recent Developments in the Methodology of Accounting “, in Fun-nell, W and Williams, R, (eds), Critical and Historical Studies in Accounting, Pearson Education Australia, 2005, pp. 1-24.

• Gaffikin, M., “The Early Growth of Corporations Leading to the Empowerment of the Accounting Profession 1600-1855“, in Funnell, W and Williams, R, (eds), Critical and Historical Studies in Accounting, Pearson Edu-cation Australia, 2005, pp. 65-88. (with Moore, J.)

• Gaffikin, M., “The Genesis of Accounting in Indonesia: The Dutch Colonialism in the Early 17th Century “, in Funnell, W and Williams, R, (eds), Critical and Historical Studies in Accounting, Pearson Education Australia, 2005, pp. 45-64. (with Sukoharsono, E.)

• Gaffikin, M., “The Idea of Accounting“, in Funnell, W and Williams, R, (eds), Critical and Historical Studies in Accounting, Pearson Education Australia, 2005, pp. ix-xx

• Irvine, H., “The Legitimizing Power of Financial Statements in the Salvation Army in England, 1865-1892“, in Funnell, W and Williams, R, (eds), Critical and Historical Studies in Accounting, Pearson Education Australia, 2005, pp. 383-416.

Staff Publications

ANNUAL REPORT 2005

ANNUAL REPORT 2005

Staff Publications (cont..)

BOOK CHAPTER (cont..)

• Kaidonis, M. and Perrin, R., “Reflexivity in Learning Critical Accounting: Implications for Teaching and its Research Nexus“, in Funnell, W and Williams, R, (eds), Critical and Historical Studies in Accounting, Pear-son Education Australia, 2005, pp. 477-496. (with Day, M.)

• Watts, T., “Beyond Law and Regulation: A Corporate Governance Model of Ethical Decision-Making”, in Leh-man, C., Tinker, T., Merino, B. and Neimark, M., (eds), Advances in Public Interest Accounting Volume 11: Corporate Governance: Does Any Size Fit?, Elsevier Ltd, 2005, pp. 271-302. (with Flanagan, J. and Little, J.)

• Watts, T., “Accounting”, in Perkins, S. J., (ed), Business Advisers Guide, CCH Australia Limited: Sydney, 2005, pp. 39.501 – 41.103.

• Watts, T., “Financial Management”, in Perkins, S. J., (ed), Business Advisers Guide, CCH Australia Limited: Sydney, 2005, pp. 42.601 – 45.115.

• Williams, R., “Inscribing the Workers: An Experiment in Factory Discipline or the Incalcation of Manners? A Case in Context“, in Funnell, W and Williams, R, (eds), Critical and Historical Studies in Accounting, Pearson Education Australia, 2005, pp. 205-230.

• Williams, R., “Lifting Stones: A Place for Microhistory in Accounting Research?“, in Funnell, W and Williams, R, (eds), Critical and Historical Studies in Accounting, Pearson Education Australia, 2005, pp. 313-330.

JOURNAL ARTICLES • Abraham, A., “Accountability in the Tsunami Aftermath”, InTheBlack, Vol. 75, No. 11, December 2005, pp.

52-54.

• Bhati, S. and McCrae, M., “Interest Rate Parity in Asia Pacific Countries”, The Business Review, Cambridge, Vol. 4, No. 1, Summer 2005, pp. 67-70.

• Cooper, K. and Deo, H., “Recurring Cycle of Australian Corporate Reforms: ‘A Never Ending Story’”, Journal of American Academy of Business, Cambridge, Vol. 7, No. 2, September 2005, pp. 156-163.

• Deo, H. and Funnell, W., "Weberian Theoretical Implications On Development Banking Historical Research: “Past, Present and Future”, Journal of American Academy of Business, Cambridge, Vol. 6, No. 2, March 2005, pp. 191-196.

• Funnell, W., " Accounting On the Frontline: Cost Accounting, Military Efficiency and the South African War”, Accounting and Business Research, Vol. 35, No. 4, 2005, pp. 307-326.

• Irvine, H., "Balancing Money and Mission In A Local Church Budget”, Accounting, Auditing & Accountability Journal, Vol. 18, No. 2, 2005, pp. 211-237.

• Kaidonis, M. A., "Rehabilitation of mining sites: do taxation and accounting systems legitimize the privi-leged or serve the community?”, Critical Perspectives of Accounting, Vol. 16, No. 1, 2005 pp. 47-59. (with Stoianoff, N. P.)

• Mak, T., Deo, H. and Cooper, K., "Australia’s Major Corporate Collapse: Health International Holdings(HIH) Insurance – “May the Force Be With You”, Journal of American Academy of Business, Cambridge, Vol. 6, No. 2, March 2005, pp. 104-112.

• Mak, T., Cooper, K., Deo, H. and Funnell, W., "Audit, Accountability and An Auditor’s Ethical Dilemma: A Case Study of HIH Insurance”, Asian Review of Accounting, Vol. 13, No. 2, 2005, pp. 18-35.

• McCombie, K. and Deo, H., "The International Harmonization of Accounting Standards: Making Progress in Accounting Practice or an Endless Struggle”, Journal of American Academy of Business, Cambridge, Vol. 7, No. 1, September 2005, pp. 154-162.

• McCrae, M., “Dissertation writing with automated citation and bibliographic tools: A case of post-graduate culture shock”, International Journal of Technology, Knowledge and Society, Vol. 1, No. 1, 2005.

JOURNAL ARTICLES (cont..)

• Mickhail, G., "The Metacapitalism Quest”, Journal of American Academy of Business, Cambridge, Vol. 6 No. 1, March 2005, pp. 290-298. (with Ostrovsky, A.)

• Moerman, L. and Van Der Laan, S., "Social Reporting In The Tobacco Industry: All Smoke And Mirrors?”, Accounting, Auditing & Accountability Journal, Vol. 18, No. 3, 2005, pp. 374-389.

• Worthington, A.C. “A Note on Households’ Choice of Emergency Finance”, Economic Bulletin, Vol. 4, No. 5, 2005, pp. 1−7.

• Worthington, A.C. “Business expectations and preferences regarding the introduction of daylight saving in Queensland”, Economic Analysis and Policy, Vol. 34, No. 1, 2005, pp. 1-18.

• Worthington, A.C., “Transmission Of Prices And Price Volatility in Australian Electricity Spot Markets: A Multi-variate GARCH Analysis”, Energy Economics, Vol. 27, No. 2, March 2005, pp. 337-350. (with Kay-Spratley, A. and Higgs, H.)

• Worthington, A.C. “Financial Returns And Price Determinants In The Australian Art Market, 1973-2003”, The Economic Record, Vol. 81, No. 253, June 2005, pp. 113-123. (with Higgs, H.)

• Worthington, A.C., “Systematic Features Of High-Frequency Volatility In The Australian Electricity Market: Intraday Patterns, Information Arrival and Calendar Effects”, The Energy Journal, Vol. 26, No. 4, 2005, pp. 1-20. (with Higgs, H.)

• Worthington, A.C. “The Impact of Financial Deregulation on Monetary Aggregates and Interest Rates in Aus-tralia”, Applied Financial Economics Letters, Vol. 1, No. 1, 2005, pp. 157-163. (with Pahlavani, M. Valadkhani, A.)

• Worthington, A.C., "A Note on the Rising Cost of Education in Australia", Economic Papers, Vol. 24, No. 2, June 2005, pp. 97-106. (with Valadkhani, A. and Layton, A.P.)

• Worthington, A.C., “Catastrophic shocks and capital markets: A comparative analysis by disaster and sector”, Global Economic Review, Vol. 34, No. 3, September 2005, pp. 331-344. (with Valadkhani, A.)

• Worthington, A.C., “Return relationships among European equity sectors: A comparative analysis across selected sectors in small and large economies”, Journal of Applied Economics, Vol. 8, No. 2, November 2005, pp. 371-388. (with Taing, S. V.)

CONFERENCE PAPERS • Abraham, A., “Managing Mission, Members and Money: A Financial Analysis Model for the Nonprofit Sector”,

Emerging Issues in Accounting, Business and Technologies 2005, Niagara Falls, NY, USA, 4-6 August, 2005, pp. 1-20.

• Abraham, A., “Post-Tsunami Havoc: Government Waives Aid Agency Accountability”, 2005 AFAANZ Confer-ence, Melbourne, Victoria, Australia, 3-5 July, 2005, pp. 1-19.

• Abraham, A., “A Mission-Centric Approach To Financial Ratio Analysis In the Nonprofit Sector”, Seventeenth Asian-Pacific Conference on International Accounting Issues, Wellington , NZ, 20-23 Nov, 2005.

• Abraham, A., “Student Responses to the Integration of a Flexible Online Learning Environment into an Un-dergraduate Subject”, 2005 CPA Accounting Educators Forum, Sydney, Australia, 24-25 November, 2005, pp. 35-50.

• Bhati, S. and McCrae, M., “Interest Rate Parity in Asia Pacific Countries”, The Global and Finance Research Conference, London, UK, 13-16 July, 2005.

• Chapple, S., “AASB138 Intangible Assets – The Bad Apple In The IFRS Barrel”, Seventeenth Asian-Pacific Conference on International Accounting Issues, Wellington , NZ, 20-23 Nov, 2005.

• Irvine, H., “Offering More Than Advice: Consultancies in a Nonprofit Organization”, 2005 AFAANZ Confer-ence, Melbourne, Victoria, Australia, 3-5 July, 2005, pp. 1-40.


ANNUAL REPORT 2005

ANNUAL REPORT 2005


CONFERENCE PAPERS (cont..)

• Irvine, H. and Cooper, K., “Concept Mapping to Enhance Student Learning in a Financial Accounting Sub-ject”, 2005 CPA Accounting Educators Forum, Sydney, Australia, 24-25 November, 2005, pp. 1-18. (with Jones, G.)

• Irvine, H., “Mimetic Marketing in Environmental Volunteering Organisations”, ANZMAC 2005 Conference, Fremantle, Perth, Australia, 5-7th December, 2005, pp. 69-75. (with Dolnicar, S., Lazarevski, K. and Randle, M.)

• Kaidonis M A "Will the social housing profession be politically and socially influential or irrelevant? Lessons from other professions", National Housing Conference, Perth, October 2005.

• Kaidonis M A "Do Tax Concessions for Mining Site Rehabilitation Work? Evaluating 10 Years of Reform" Critical Issues in Environmental Taxation, 2005, (with Stoianoff N P and House L).

• Kaidonis, M and Moerman L "Research As Praxis: A Research Mentoring Platform For Academic Women", Women in Research Conference, Gladstone, 24-25 November, 2005, pp. 1-11. (with Barrett M, Dolnicar S, Randle M, Wood C).

• McCombie, K., “International Harmonisations of Accounting Standards and the Rhetoric of Globalisation”, 2005 AFAANZ Conference, Melbourne, Victoria, Australia, 3-5 July, 2005, pp. 1-30.

• McCrae, M. and Z. Subedar, “Risk Attitude Profiles of Investors in the Financial Services Industry: The Im-pact of Behavioral Biases”, 10th International Finance and Banking Conference, Karvina Czech Republic, October 18-20, 2005.

• McCrae, M., “Dissertation writing with automated citation and bibliographic tools: A case of post-graduate culture shock”, 1st International Conference on Technology, Knowledge and Society, University of California, Berkeley, 18-20 February, 2005.

• McCrae, M., “Trust and Investment on the Iranian Stock Exchange: A Research Model”, Third International Qualitative Research Conference, Johor Bahru, Johor Malaysia, 21-23 August 2005. (with Arab-Salehi, M.)

• McCrae, M., ”Pension under-funding in the Australian public sector: a generational accounting perspective”, 10th Comparative International Governmental Accounting Research Conference, Poitiers, France, 26-27th May, 2005. (with Klumpes, P.)

• McCrae, M., “The Smoothing of Reported Corporate Earnings Streams through Target Setting: Do Managers mislead Stakeholders?” Seventeenth-Pacific Conference on International Accounting Issues, Wellington , NZ, 20-23 Nov, 2005. (with Hillier. J.)

• Mickhail, G. and Davis, K., “The Positivist Fantasy of MetaCapitalism”, Critical Perspectives on Accounting Conference, Baruch College, CUNY, NY, USA, 28 April – 2 May, 2005, pp. 1-27.

• Mickhail, G., “The Imperialist Claws of MetaCapitalism”, Critical Perspectives on Accounting Conference, Baruch College, CUNY, NY, USA, 28 April – 2 May, 2005, pp. 1-16.

• Moerman, L., “Jubilee Law: Perspectives from a Theocracy”, The 4th Accounting History International Confer-ence 2005, Braga, Portugal, 7-9 September, 2005, pp. 1-21.

• Moerman, L. and Van Der Laan, S., “Prescription for Profit: Is The Pharmaceutical Industry is Making a Kill-ing”, Critical Perspectives on Accounting Conference, Baruch College, CUNY, NY, USA, 28 April – 2 May, 2005, pp. 1-18.

• Murphy, B. and Smark, C., “Personal Response Systems Workshop”, 2005 CPA Accounting Educators Fo-rum, Sydney, Australia, 24-25 November, 2005.

• Mustaf, H. and Gaffikin, M., “On Making Implicit Explicit: A Researcher, The Research Context and Account-ing Knowledge”, Critical Perspectives on Accounting Conference, Baruch College, CUNY, NY, USA, 28 April – 2 May, 2005, pp. 1.

• Rudkin, K., “Australian School Funding and Accountability: History Imploding into the Present”, The 4th Ac-counting History International Conference 2005, Braga, Portugal, 7-9 September, 2005, pp. 1-32.

CONFERENCE PAPERS (cont..) • Smark, C., “Rationalism’s Irrationality- An Example From Australian Mental Health Policy”, Critical Perspec-

tives on Accounting Conference, Baruch College, CUNY, NY, USA, 28 April – 2 May, 2005, pp. 1-33.

• Smark, C. "Dorothea Dix: A Social Researcher and Reformer", Women in Research Conference, Gladstone, 24-25 November 2005, pp. 1-11.

• Watts, T., “A Model for Corporate Governance, Decision-making, and Accountability in Today’s Universities”, 2005 AFAANZ Conference, Melbourne, Victoria, Australia, 3-5 July, 2005, pp. 1-22. (with Flanagan, J. and Little, J.)

• Watts, T., “Generic Strategies for a Strategic Balanced Scorecard within the Manufacturing Sector: Perils and Pitfalls of an Exploratory Study”, European Accounting Association 28th Annual Congress, Goteborg, Sweden, 18-20 May, 2005, pp. 189. (with Preda, P.)

• Watts, T., “Using Institutional Theory to Develop a Conceptual Framework for Benchmarking”, 5th Annual Hawaii International Conference on Business, Honolulu, Hawaii, 26-29 May, 2005, pp. 3315-3332. (with Mead, A.)

• Watts, T., “The Development of an Industry Specific Performance Measurement Model for Service Organisa-tions within the Small Business Sector”, 5th Annual Hawaii International Conference on Business, Honolulu, Hawaii, 26-29 May, 2005, pp. 129-142. (with Baard, V.)

• Watts, T., “Improving Outcomes by Improving Student Satisfaction: A Case Study of a Small Accounting Pro-gram”, 5th Annual Hawaii International Conference on Business, Honolulu, Hawaii, 26-29 May, 2005, pp. 2873-2888. (with Strong, T.)

• Watts, T., “The Design of a Performance Measurement Model for Small Firms within the Service Sector”, Small Business Development Conference, Hobart, Tasmania, 28-31 Aug, 2005, pp. 1-14. (with Baard, V.)

• Wijewardena, H. and De Zoysa, A., “A Factor Analytic Study of the Determinants of Success in Manufactur-ing SMEs”, 35th EISB Conference – Sustaining the Entrepreneurial Spirit Over Time, Barcelona, Spain, 12-14 September, 2005, pp. 1-11.

• Wijewardena, H. and De Zoysa, A., “The Impact of Owner/Manager’s Mentality on the Financial Performance of SMCs: The case of Sri Lanka”, 35th EISB Conference – Sustaining the Entrepreneurial Spirit Over Time, Barcelona, Spain, 12-14 September, 2005, pp. 1-11.

• Worthington, A., “Financial Literacy In Australia”, 2005 AFAANZ Conference, Melbourne, Victoria, Australia, 3-5 July, pp. 1-23.

• Worthington, A.C. “Macroeconomic risk factors in Australian commercial real estate, listed property trust and property sector stock returns: A comparative analysis using GARCH-M”, 2005 Asian Finance Association Annual Conference, 11-13 July, Kuala Lumpur, Malaysia. (with West, T.)

• Worthington, A.C., "Modelling residential water demand with fixed volumetric charging in a large urban mu-nicipality: The case of Brisbane, Australia" 34th Conference of Economists, Melbourne, 26-28 September 2005. (with Hoffman, M. and Higgs, H.)

• Worthington, A.C. and Higgs, H. “Market risk in demutualised self-listed stock exchanges: An international analysis of selected time-varying betas” 18th Australasian Finance and Banking Conference, University of New South Wales, 14-16 December 2005. (with Higgs, H)

WORKING PAPER SERIES • Gaffikin, M., “Accounting Research and Theory: The Age of Neoempiricism", University of Wollongong,

School of Accounting and Finance Working Paper Series, No. 05/07, 2005. ISBN 1 74128109 1.

• Gaffikin, M., “Creating a Science of Accoutning: Accounting Theory to 1970", University of Wollon-gong, School of Accounting and Finance Working Paper Series, No. 05/08, 2005. ISBN 1 74128109 1.

Staff Publications

ANNUAL REPORT 2005

ANNUAL REPORT 2005


WORKING PAPER SERIES (cont..)

• Gaffikin, M., “Regulation as Accounting Theory", University of Wollongong, School of Accounting and Finance Working Paper Series, No. 05/09, 2005. ISBN 1 74128109 1.

• Mickhail, G., “The MetaCapitalism Bubble", University of Wollongong, School of Accounting and Fi-nance Working Paper Series, No. 05/05, 2005. ISBN 1 74128109 1.

• Worthington, A.C. “Ranking and Clustering Australian University Research Performance, 1998-2002”, University of Wollongong, Discipline of Economics Working Paper Series, No. WP05-19, ISSN 1321-9774. (with Valadkhani, A.)

• Worthington, A.C. “Catastrophic Shocks and Capital Markets: A Comparative Analysis by Disaster and Sector”, University of Wollongong, Discipline of Economics Working Paper Series, No. WP05-20, ISSN 1321-9774. (with Valadkhani, A.)

• Worthington, A.C. “Testing for Structural Breaks in Australia's Monetary Aggregates and Interest Rates: An Application of the Innovational Outlier and Additive Outlier Models”, University of Wollon-gong, Discipline of Economics Working Paper Series, No. WP05-02, ISSN 1321-9774. (with Pahla-vani, M. and Valadkhani, A.)

• Worthington, A.C., “Modelling residential water demand with fixed volumetric charging in a large urban municipality: The case of Brisbane, Australia.” Discussion Papers in Economics, Finance and Interna-tional Competitiveness, School of Economics and Finance, Queensland University of Technology No. 196, June 2005. ISSN 1324-5910. (with Hoffman, M. and Higgs, H.)

• Worthington, A.C., “Efficiency, technology and productivity change in Australian universities, 1998-2003”, Discussion Papers in Economics, Finance and International Competitiveness, School of Eco-nomics and Finance, Queensland University of Technology No. 195, June 2005. ISSN 1324-5910. (with Lee, B.L.)

• Worthington, A. C., “Efficiency, technology and productivity change in Australian universities, 1998-2003", University of Wollongong, School of Accounting and Finance Working Paper Series, No. 05/01, 2005. ISBN 1 74128109 1. (with Lee, B.L.)

• Worthington, A. C., “Australian Fine Art as an Alternative Investment”, University of Wollongong, School of Accounting and Finance Working Paper Series, No. 05/02, 2005. ISBN 1 74128109 1 (with Higgs, H.)

• Worthington, A. C., “Weak-Form Market Efficiency in Asian Emerging and Developed Equity Markets: Comparative Tests of Random Walk Behaviour”, University of Wollongong, School of Accounting and Finance Working Paper Series, No. 05/03, 2005. ISBN 1 74128109 1. (with Higgs, H.)

• Worthington, A., “Coverage, knowledge and perceptions of superannuation in Australia”, University of Wollongong, School of Accounting and Finance Working Paper Series, No. 05/04, 2005. ISBN 1 74128109 1

• Worthington, A. C., “Market risk in demutualised self-listed stock exchanges: An international analysis of selected time-varying betas”, University of Wollongong, School of Accounting and Finance Working Paper Series, No. 05/06, 2005. ISBN 1 74128109 1. (with Higgs, H.)

SEMINARS • Funnell, W., “The Proper Trust of Liberty: The American War of Independence, Economical Reform and Con-

stitutional Audit”, Research Seminar Series, School of Accounting and Finance, University of Wollongong, Spring Session, 2005.

• McCombie, K., “The Social Relevance Of Accounting Education: A Review”, Research Seminar Series, School of Accounting and Finance, University of Wollongong, Spring Session, 2005.

• Kurtovic, A. and Cooper, K., “Ignoring The “F” Word: Ignorance Is No Longer Bliss”, Research Seminar Se-ries, School of Accounting and Finance, University of Wollongong, Spring Session, 2005.

• Rudkin, K., “Social Responsibility Accounting: The Challenges of Live 8 and G8”, Research Seminar Series, School of Accounting and Finance, University of Wollongong, Spring Session, 2005.

• Smark, C., “Rationalism’s Irrationality – An Example from Australian Mental Health Policy”, Research Semi-nar Series, School of Business, James Cook University, Cairns Campus, 21st November 2005.

• Watts, T., “Improving Outcomes By Improving Student Satisfaction”, Research Seminar Series, School of Accounting and Finance, University of Wollongong, Autumn Session, 2005.

• Worthington, A.C. “How to get published in journals”, Faculty of Commerce, University of Wollongong, 10 May 2005.

• Worthington, A.C., “Efficiency, technology and productivity change in Australian universities, 1998-2003”, College of Business, University of Wollongong in Dubai, Dubai, United Arab Emirates, 16 July 2005. (with Lee, B. L.)

• Worthington, A.C. "Ranking and Clustering Australian University Research Performance, 1998-2002", Col-lege of Business, University of Wollongong in Dubai, United Arab Emirates, 22 June 2005. (with Valadkhani, A.)

• Worthington, A.C. "Ranking and Clustering Australian University Research Performance, 1998-2002", School of Economics, University of Queensland, 2 September 2005. (with Valadkhani, A.)

Staff Publications

ANNUAL REPORT 2005

ANNUAL REPORT 2005

Theses & Research Reports In Progress

DOCTOR OF PHILOSOPHY

Medhi Arab-Salehi Influential Factors in the Trust Relationship Existing Between Financial Analysts and Corporate Managers in Iran

Supervisor: A/Prof Michael McCrae & Prof Andrew Worthington

Adel Belkhair The Impact of Financial Standards: An Applied Study

Supervisor(s): Dr Janet Moore & Dr Kathie Cooper

Rekha Bhabra Business Incubation programs

Supervisor(s): A/Pr Anne Hodgkinson & Dr Barbara Cornelius

Shyam Bhati A Trust Theory Approach to Understanding the Level of Decision Making Autonomy Granted by Branch Manag-ers to Loan Officers in the Banking System of India.

Supervisor: A/Prof Michael McCrae

Graham Bowrey Concepts of power and the discharge of financial accountability: The Case of the Australian Commonwealth Pub-lic Service Supervisor(s): Dr Ciorstan Smark & Dr Ted Watts

Nongnit Chancharat The Determinants of Finance Company Failure - The Case of Thailand

Supervisor(s): A/Prof Michael McCrae & Dr Pam Davy

Sandra Chapple The changing role of the Australian accounting standard setters in the regulatory framework with respect adop-tion of the standards of the International Accounting Standards Board.

Supervisor(s): Dr Helen Irvine & A/Prof Mary Kaidonis

Anis Chariri

The Dynamics of Financial Reporting Practice in an Indonesian Insurance Company: A Reflection of Javanese Views on an Ethical Social Relationship

Supervisor: Dr Kathie Cooper

Shallice Cockram

Corporate Failure - Where To From Here?

Supervisor(s): Dr Kathie Cooper & Dr Annamaria Kurtovic

DOCTOR OF PHILOSOPHY (cont..)

Corinne Cortese The Power of the Extractive Industries: Capturing the International Accounting Standard Setting Process

Supervisor(s): Dr Helen Irvine & A/Prof Mary Kaidonis

Abdelsalam Eldarragi Predicting the Audit Expectations Gap in Libya

Supervisor: Prof Michael Gaffikin

Martin Gold Fiduciary Finance and the Pricing of Financial Claims: A Conceptual Approach to Investment

Supervisor(s): Dr Pam Davy & Prof Andrew Worthington

Joel Grant Behavioural Biases and Futures Prices

Supervisor(s): Prof David Johnstone & Prof Andrew Worthington

Mohamed Habara Credit Risk Modelling in Developing Economy: A Case of Libya

Supervisor(s): Prof Andrew Worthington & Dr Hemant Deo

Tasneem Husain Executive Stock Options and Agency Conflict

Supervisor(s): Prof Andrew Worthington & Prof Nabil Baydoun

Chi Fun Hui Financial and Management Accounting within a Major Commercial Bank: A Case Study of Hong Kong

Supervisor(s): Dr Hemant Deo & Dr Kathy Rudkin

Md. Kazi Islam Financial Reporting & Corporate Governance in South Asia

Supervisor(s): Dr Kathie Cooper & Dr Jane Andrew

Ashfaq Khan A Future for Banks? The case of Pakistan

Supervisor(s): A/Prof Robert Williams & Dr Anne Abraham

Theses & Research Reports In Progress (Cont..)

ANNUAL REPORT 2005

ANNUAL REPORT 2005



Lindawati The Evaluation of Women Public Accountant in Developing Professionalisation: Indonesia Perspectives

Supervisor: Dr Kathie Cooper

Kwai Lan Mak

The Crisis Facing the Auditing Profession: A Case Study of the Australian Insurance Industry (1970-2003) Using Critical Methodology Framework.

Supervisor(s): Dr Jane Andrew, Dr Monir Mir & Dr Ciorstan Smark

Zahra Maronesy Interest Free Banking

Supervisor(s): Dr Jane Andrew, Dr Monir Mir & Dr Ciorstan Smark

Rada Massingham Adoption in Australia of IAS ll

Supervisor: Dr Anne Abraham

Kellie McCombie The need for, and the possibility of, a liberal accounting education in Australian Universities

Supervisor(s): Prof Michael Gaffikin & Dr Kathy Rudkin

George Mickhail Accounting & Metacapitalism


Lee Moerman Enabling a Jubilee: Accounting & World Debt

Supervisor(s): Prof Warwick Funnell & A/Prof Christopher Poullaos

Hasri Mustafa Accounting, Knowing and Being: Malaysian Multi-Ethnographic Case Studies


Taravut Naowaratanajumnien Corporate Governance in Thailand


DOCTOR OF PHILOSOPHY (cont..) Ahmad Nasseri The Significance of Language in Accounting Theory and Methodology


Latifah Othman Forensic Accounting as a Tool for Tax Fraud Investigation.

Supervisor(s): Dr Kathie Cooper & Dr Annamaria Kurtovic

Md Afzalur Rashid Corporate Governance in Developing Countries

Supervisor: A/Prof Hema Wijewardena

Jeffrey Robertson Accounting in the Dutch East India Company

Supervisor(s): Prof Warwick Funnell & Dr Anne Abraham

Agus Setiawan The Evaluation of Corporate Governance Practise in Indonesia: A Case Study

Supervisor: A/Prof Robert Williams

Diana Sarie Setyadevi Impact of Globalisation to Indonesia Accounting Standard


Mohammed Shanikat The role of Accounting Information System in the Privatised Enterprises: Case study of Jordan Telecom (JT)

Supervisor(s): A/Prof Mary Kaidonis & Dr Kathy Rudkin

Bubaker Shareia The Role of Accounting Systems in Decision Making, Planning and Control in Developing Countries: Cases from Libya

Supervisor(s): Dr Janet Moore & Dr Helen Irvine

Parulian Silaen

Management Control System in Research & Development Organisations: Multiple Case Studies in Indonesia

Supervisor(s): Prof Michael Gaffikin & A/Prof Robert Williams


ANNUAL REPORT 2005

ANNUAL REPORT 2005



Geeta Singh Performance and Accountability in Higher Education: An Australian Perspective


Zaffar Subedar Risk Attitude Profiling: A Behavioural Approach


John Trowell

Measurement Error in Equity Valuation

Supervisor(s): Prof David Johnstone & Prof Michael Gaffikin

Steve Tulig

A Comparative Assessment of Quantitative Stock Selection Methodologies

Supervisor: A/Prof Michael McCrae & Prof Andrew Worthington

Margo Wade

ANAO Performance Auditing: A Study of Audit Credibility

Supervisor: Prof Warwick Funnell & Dr Anne Abraham

Ali Yaftian

A Comparison of Accounting Disclosure in Iranian & Australian Corporate Annual Reports in the Context of Com-pliance With IAS'S Using Financial Reports of Listed Companies

Supervisor: Dr Kathie Cooper & Dr Annamaria Kurtovic

Zhu Yuqing Management Compensation in Different Cultures

Supervisor: Dr Kathie Cooper & Dr Jane Andrew

MASTER OF ACCOUNTANCY (RESEARCH)

Maria Cano

Small Business Education


Michelle Yang Hong

The role of accounting in the emergence of capitalism: a comparative study of Europe and China in the 17th cen-tury Supervisor(s): Dr Kathy Rudkin & Prof Michael Gaffikin

Victoria Hopley ?

Supervisor: Prof Warwick Funnell

Gregory Jones Educational Implications of the Perceived Changing Role of Accountants


MASTER OF FINANCE (RESEARCH)

Sonia Marcolin Financial Literacy Amongst University Students


Adhiatma Prawoto International Lending Practices: A Case Study of Indonesian Small to Medium Businesses Development within the Four Municipalities of Sukoharjo, Boyolali, Solo and Klaten in Central Java, Indonesia Supervisor: Dr Anne Abraham

HONOURS STUDENTS

Joshua White

Fees, Disclosure and Choice: An Australian Perspective : Implications for Superannuation Contributors in 2005 and Beyond


Victoria Kao

The Role, Development and Performance of the Newcastle Stock Exchange Supervisor: Prof Andrew Worthington


ANNUAL REPORT 2005

ANNUAL REPORT 2005

Completed Theses in 2005

DOCTOR OF PHILOSOPHY

Raffiuddin Ahmed Thesis Title: The Role of Common Cost Allocation for In-House Bid Pricing for a Competitive Niche Market: A Case Study of a City Council in the Australian State of New South Wales

Supervisor: Prof David Johnstone & A/Prof Robert Williams

Autumn 2005

Colleen Puttee

Thesis Title: Ethics & the Accounting Profession


Spring 2005

Bachelor of Commerce Major in Accountancy) Accountants, whether they work in a large multinational, a government agency or a small company,play a pivotal role in advising top management on the financial direction of the enterprise. This degree will prepare graduates for a career in all levels of industry. An emphasis on integrating accounting theory and practice allows the gradu-ate to experience the diverse areas of accountancy. Information technology now plays an integral part in this field and this program aims to produce accountants with superior computing and communication skills.

Professional Recognition

On completion of a Bachelor of Commerce degree, majoring in Accounting, graduate will have gained the neces-sary skills and qualifications to work as an accountant. Careful selection of subjects will ensure membership to CPA Australia and the Institute of Chartered Accountants in Australia (ICAA).

Bachelor of Commerce Major in Finance Finance is about money and investments. People on their own and in partnerships, companies and other entities, including state and federal governments, have a common objective of profitable investment. How do companies choose between possible investments, and how do they raise capital? How does hedging with options and fu-tures reduce risk of an investment portfolio? What is the role of capital markets, and how do they value assets such as stocks, options and futures? These are the questions answered within the theory and practice of finance.

Bachelor of Commerce Major in Applied Finance (Planning) Financial planners must have an understanding not only of finance but also of accounting, management and marketing. They need to be able to utilise information systems to track clients’ portfolios and keep up-to-date on investment information. Financial advisors work independently and for large concerns. They may be employees or be self-employed. They provide counselling services to individuals or to corporations about how to best plan for future financial needs. This major builds the skill set needed for recognition by the Australian Securities and Investments Commission, allowing finance graduates who choose this major to work as financial dealers, for stock brokers, in banks, life insurance companies or credit unions, or as independent funds managers. Professional Recognition On completion of a Bachelor of Commerce (Applied Finance (Planning)), you will have gained the necessary skills and qualifications to work as a financial planner offering services to a broad clientele. This degree has been designed to meet the requirements of the Australian Securities and Investments Commission (ASIC) and is ac-credited with the Financial Planning Association (FPA) for entry into the FPA CFP Education program.

Undergraduate Courses Offered by the School

ANNUAL REPORT 2005

Postgraduate Course Work Offered by the School A wide range of postgraduate offerings in Accounting and Finance allows flexibility to choose the level of study most suited to individual interests, abilities and career aspirations.

The content of our postgraduate programs is diverse and provides an opportunity to acquire an in-depth special-ist knowledge in selected commercial, public sector and academic areas, including banking, finance, accounting and information systems. Our postgraduate programs are recognised internationally and our graduates pursue careers in public and private sector industries.

Graduate Diploma in Commerce (Finance) or (Accountancy) In today’s competitive economic environment, an additional qualification outside a graduate’s first area of exper-tise increases their marketability. A Graduate Diploma in Commerce enhances the career prospects of gradu-ates because it complements Bachelor qualification in any discipline, building accounting, business and finance skills. This course is for students wishing to update qualifications for professional recognition or for graduates in other areas (eg Science, Engineering) wishing to undertake study in accountancy or finance.

Graduate Certificate in Forensic Accounting Given the spate of corporate failures in Australia and the USA in recent times, there is a growing public aware-ness of the need for accounting and finance professionals (and those in oversight positions) to acquire skills to identify and act upon indicators of poor corporate governance, mismanagement, fraud and other unethical be-haviour. Traditional business-related education focused on management styles and techniques, financial man-agement, and how internal and external transactions were recorded and interpreted. It is now necessary to ana-lyse the underlying characteristics of corporate activities, and identify corporate governance issues, including potentially unethical or fraudulent behaviour, at all level of the organisation.

Graduate Certificate in Banking and Finance There is a growing demand in the banking and finance sector for graduates of the Graduate Certificate in Bank-ing and Finance. By incorporating banking theory and its application to practice, this program equips students with the knowledge and skills required to successfully compete in the job market in the areas of accounting, fi-nance and banking. Subjects have been specifically developed with an international focus and meet Australian accreditation requirements.

Master of Accountancy The Master of Accountancy builds on the accounting knowledge and skills acquired at the undergraduate level. In the more specialised areas of accounting (eg audit, tax and public sector reporting) the acquisition of more extensive technical and cognitive skills enhances graduate marketability and career prospects in public and pri-vate practice.

Master of Forensic Accounting The Master of Forensic Accounting emphasises a forensic rather than a control-based or risk management ap-proach to the analysis of corporate governance and the possibility of fraud. Students will be given a broad-based introduction to the nature and purpose of forensic accounting. The scope and content of all subjects extend well beyond a ‘legal’ focus and provide an opportunity to study and acquire skills in investigative techniques and the collection of data as well as the skills necessary to not only identify poor management but also unethical and fraudulent activities.

ANNUAL REPORT 2005

Postgraduate Course Work Offered by the School (Cont..)

Master of Professional Accounting This program is designed to build on the learning experience of the students and to extend that experience to an appreciation and understanding of matters relating to the practice of accounting. At the conclusion of the pro-gram, students will satisfy the academic requirements of the major accounting professional bodies. They will have an appreciation of the theoretical issues under-pinning the practice of accounting as well as the legal and practical issues surrounding that practice.

Master of Finance This program gives the graduate the opportunity to upgrade knowledge of finance, financial decisions, invest-ments strategies and investment management, whether for personal information or for the guidance of firms. Employment opportunities exist in corporations, small firms, investment brokerages, financial institutions, govern-ment and not-for-profit organisations. When combined with a relevant undergraduate degree, further opportuni-ties are opened including positions within research organisations, and consultancies.

Master of Applied Finance (Banking) This program is designed for graduates in finance or accountancy who wish to substantially develop their ad-vanced, applied and comprehensive knowledge of banking and finance at the graduate level. The core part of the program provides students with an advanced understanding of financial decision-making with a focus on bank management and lending in the domestic and international context, investment analysis and portfolio man-agement, and multinational finance

ANNUAL REPORT 2005

Postgraduate Research Program Offered by the School

Master of Finance — Research Master of Accountancy—Research Graduates of the Research Master of Finance/Accountany have, in addition to the career opportunities available to graduates of the Master of Finance/Accountancy, also gain skills in undertaking an extensive research project.

Doctor of Philosophy (PhD) Doctor of Philosophy (PhD) candidates undertake in-depth research in order to make an original contribution to the body of knowledge in Accountancy and Finance. This qualification can lead to, or enhance an academic ca-reer and is also highly regarded by employers.

The following areas of research are some of the topics available to candidates:

Accountancy Discipline Accounting and Information Systems Accounting and EDI Auditing Controllership Critical Accounting Theory External Financial Reporting Government and Not for Profit Accounting History of Accounting Thought International Accounting Management Accounting Small Business Management

Finance Discipline Banking Behavioural Finance Corporate Finance Financial Markets Financial Planning/Superannuation International Finance Mathematical Finance Portfolio Analysis Risk Management Small Business Finance

ANNUAL REPORT 2005

Allan Coote Memorial Prize - Trust Fund Value and Frequency: $350. Annual award

Eligibility: The prize shall be open to an outstanding candidate in the Bachelor of Commerce degree. Candidates

will be eligible to apply if they are majoring in Accountancy and/or Finance. The award will be made to the stu-

dent who, on the first attempt, earned the highest weighted average mark (WAM) in the following subjects, taken

within the same year: ACCY200 (Financial Accounting IIA), FIN221 (Business Finance I) and either ACY211

(Management Accounting II) or FIN223 (Investment Analysis). In the event of a tie, the prize money will be

shared. The prize will be awarded only if there is a candidate of sufficient merit.

Receipient: Laura Ali

John Wiley Australia Ltd Value and Frequency: $200 Book Prize and Certificate. Annual award

Eligibility: The prize shall be open to the student who has earned the highest mark in ACCY100 (Accounting IA)

in the previous academic year.

Receipient: Jessica Todhunter

KPMG Chartered Accountants Prize for Business Finance 1 Value and Frequency: $500. Annual award

Eligibility: The prize shall be open to students enrolled in the subject FIN221 (Business Finance I) and shall be

given to the student who, at the first attempt, attained the highest mark for the subject. In the event of tie, the

prize money will be shared. The prize will be awarded only if there is a candidate of sufficient merit.

Receipient: Alexander Kerr and Alysha Langbien

PricewaterhouseCoopers Prize Value and Frequency: $400. Annual award

Eligibility: The prize shall be open to students enrolled in the subject ACCY342 (Auditing and Assurance Ser-

vices) and shall be given to the student who, at the first attempt, attained the highest mark for the subject. In the

event of a tie, the prize money will be shared.

Receipient: Nicholas Gardner and Milena Mandic

CPA Australia #1 Annual prize Value and Frequency: $500 and Engraved Medallion. Annual award

Eligibility: The prize shall be open to candidates for a degree of Bachelor of Commerce, Bachelor of Mathemat-

ics, or Bachelor of Arts. The prize will be awarded to the student who on the first attempt attained the highest

mark for the subject ACCY100 (Accounting IA) & ACCY102 (Accounting IB). In the event of a tie, the prize

money will be shared. The prize will be awarded only if there is a candidate of sufficient merit.

Receipient: James Bishop

Awards and Prizes

ANNUAL REPORT 2005

Awards and Prizes (Cont..)

CPA Australia #2 Annual Prize Value and Frequency: $500 and Engraved Medallion. Annual award

Eligibility: The prize shall be open to candidates for a degree of Bachelor of Commerce, or Bachelor of Arts and

majoring in Accountancy. The prize will be awarded to the student who on the first attempt attained the highest

aggregate for the subjects ACCY211 (Management Accounting II) and ACCY201 (Financial Accounting IIB), both

taken within the same year. In the event of a tie, the prize money will be shared. The prize will be awarded only if

there is a candidate of sufficient merit.

Receipient: Michelle Stenhouse

CPA Australia Outstanding Graduating Student in Accounting Prize Value and Frequency: $500 and Engraved Medallion. Annual award

Eligibility: The prize shall be open to candidates for a degree of Bachelor of Commerce, or Bachelor of Arts and

majoring in Accountancy. The prize will be awarded to the student who on the first attempt attained the highest

aggregate for the subjects ACCY302 (Financial Accounting III) and ACCY312 (Management Accounting III), both

taken in the same year. In the event of a tie, the prize money will be shared. The prize will be awarded only if

there is a candidate of sufficient merit.

Receipient: Benjamin Fitzgerald

Orestis Trikas Prize for Accountancy and Management - Trust Fund Value and Frequency: $520 which is 80% of interest earned in Trust Fund in the previous year. Annual award

Eligibility: Awarded to the student who had the highest aggregate marks for the subjects ACCY100 (Accounting

IA) & ACCY102 (Accounting IB) and MGMT110 (Introduction to Management) taken in the same year. The prize

is named after a former student who died as a result of an automobile accident prior to completing his degree-

and his parents set up a trust fund for this prize.

Receipient: James Bishop

Association of Taxation and Management Accountants Value and Frequency: $250. Annual award

Eligibility: The prize shall be open to the student who has earned the highest mark in ACCY312 (Management

Accounting III) during the previous academic year.

Receipient: Ryan De Boer

Financial Services Institute of Australasia (FINSIA) Prize Value and Frequency: $250. Annual ward

Eligibility: The prize shall be open to candidates for the degree of Bachelor of Commerce and shall be made to

the student who, at the first attempt, attained the best overall average mark for FIN325 (Banking Practice) during

the previous academic year.

Receipient: Robert Drieling

ANNUAL REPORT 2005

School of Accounting and Finance University of Wollongong

Wollongong New South Wales

Australia 2522

Telephone: +61 2 42 21 3609 Facsimile: +61 2 42 21 4927 Email: [email protected]

Home Page Address: http://www.uow.edu.au/commerce/accy/accy.html

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